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Sarcasm is inappropriate for online conversation even when it's obvious to you because it leaves great room for misinterpretation when you least expect it. As a
by OutOfHere 2y ago
Sarcasm is inappropriate for online conversation even when it's obvious to you because it leaves great room for misinterpretation when you least expect it. As an engineer, one must value precise and clear communication.
- delfinom 2y agoYea but the wealthy elite need more bagholders to continue transferring the world's wealth to themselves. And the wealthy elite are now in complete and full control of the US government. This is going to happen guaranteed now.
- OutOfHere 2y agoIt's funny because the elite will be accumulating a currency that will keep losing real value very fast to inflation.
- neilv 2y agoIsn't crypto much sketchier than private equity?
- deleted 2y ago[deleted]
- mandmandam 2y agoAs a concept? No. In practice? Also no. Crypto scammers take millions, private equity takes hundreds of billions. It hollows out entire industries; kills hundreds and hundreds of thousands of jobs. In PE funded nursing homes the mortality rate is 10% higher. PE owned hospitals raise prices by 20-30% while cutting staff. PE firms pay lower tax rates (carried interest loophole), ie, they steal from everyone. A 2022 ProPublica investigation estimated that tax loopholes exploited by PE cost the U.S. government $180 billion annually in lost tax revenue. 'Dividend recapitalizations' have extracted hundreds of billions from businesses, often leading to their failure. The estimated economic damage from PE is well over a trillion dollars; and I'd say that's extremely lowballed. Crypto might be riddled with scammers from top to bottom, but there is real potential there; and even if there wasn't, it still wouldn't have a patch on private equity as far as "sketchiness".
- neilv 2y agoGood points. Would you say this is all PE, or only some?
- mandmandam 2y agoI can't speak for all PE. However, even their lauded 'success stories' - Hilton Hotels, AirBnb, Tesla etc - seem to generally turn out pretty evil. How can they not... The whole goal of PE is to extract value from workers and the Earth, and funnel it into the pockets of the .01%. This, in a world where inequality is stifling our potential as a species, and as a planet, on a truly unimaginable scale? Beyond the hype and the rationalizations, fundamentally, the investors always win and society always loses. They've turned our industries into a casino, and they're the house. Sometimes good people win in a casino, and sometimes they even get paid out, but it's a fucking mugs game that preys on our blind spots and is leading us into some very dark places.
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- asdffdasy 2y agobut sarcasm is fun. like: This will solve the problem with boomers holding all the wealth. yay!
- ronnier 2y agoI agree with you. People type out the complete opposite of what they mean, leaving it up to the readers to make sense out of it. This is extremely prevalent on Reddit and has started to bleed into hn a lot more lately (along with politics but its obvious the mods are stamping that out).
- lostmsu 2y ago> leaving it up to the readers to make sense out of it You should always be doing it.
- dogcatrat 2y ago[flagged]
- loeg 2y agoOnly the first sentence is sarcastic. By sentence two it is abundantly obvious what GP meant in sentence one. This comment would be hard to misinterpret.
- OutOfHere 2y agoThat is correct, but it's good discipline to just never use it because one can become careless with its application.